T-Mobile US (NASDAQ:TMUS) Price Target Raised to $305.00

T-Mobile US (NASDAQ:TMUS) had its price target raised by Tigress Financial from $290.00 to $305.00 in a research report sent to investors on Tuesday,Benzinga reports. Tigress Financial currently has a buy rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also recently commented on the company. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research report on Wednesday, March 5th. Bank of America upped their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Stock Performance

TMUS opened at $247.00 on Tuesday. The stock’s 50 day simple moving average is $258.56 and its 200 day simple moving average is $241.39. The stock has a market cap of $280.76 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US has a 1-year low of $161.61 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.00 earnings per share. As a group, equities analysts anticipate that T-Mobile US will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

Several large investors have recently modified their holdings of the business. Ancora Advisors LLC increased its holdings in T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock worth $1,411,000 after buying an additional 40 shares during the last quarter. Signaturefd LLC increased its stake in shares of T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock worth $2,499,000 after buying an additional 41 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 41 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in T-Mobile US by 0.7% during the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider’s stock valued at $1,340,000 after acquiring an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.